Investors don't bother about fundamentals these days, if you have the money and you like the 'feel' of it, just buy it, that probably explains why it is rising to 70x valuation, and whether the cash flow is healthy or otherwise! The intrinsic value is too high for anyone not to invest in it! FOMO or whatever you call it, the stock market nowadays is somewhat like that of a casino platform! :)
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- AmosBellamy·05-22Guess some investors just go with their gut and ignore cash flow.LikeReport